Portugal’s fintech ecosystem passes €1 billion. We take an inside look.
Summary
It looks like Portugal is growing an exciting ecosystem of finance-based technology, particularly in the rising crypto and blockchain markets which accounted for an incredible 75% of all fintech funds raised. As a destination, Portugal continues to receive an influx of larger startups that open their offices to take advantage of the talent pool but also from the sense of community” We wanted to find out more, so we got some insider thoughts. Lastly, one of the most relevant points, Portugal has been developing specialized ecosystems that focus on providing support to each vertical, for example, fintech, making it easier to enter and test the market. ESG appears as a trend greatly influenced by the introduction of taxonomy and a calendar for adoption, but it is important to highlight the potential role of fintech startups in this transition. From our perspective, as the nonprofit representing the ecosystem, Portugal Fintech will continue finding clear offers for startups in all stages in the 4 verticals of corporate players, talent, capital and regulation.